Bank guarantees

Bank guarantee - issued a bank guarantee to ensure customer or another person money or other guarantees .Bank a way to ensure that obligations under the contract, but by its nature does not depend on these commitments. Typically, the bank guarantee occurs when not enough is known counterparties pay each other, and they want to limit their risks dealership Insurance arrangements connection fees or other obligations under the contract. With the proper performance of their contractual obligations to ensure the parties remain unused, and payments are made only upon the possible .Understandable guarantee that the guarantor and the principal to build their relations on a reimbursable basis. Last lending institution pays the fees for issuing a bank guarantee. Its size and terms of the transaction is determined by agreement between the guarantor and principal. If the debtor has violated a contractual obligation that is secured by a bank guarantee, a credit institution makes an appeal to him (back) requirements. When the surety pays money to the beneficiary under the bank guarantee, takes into account the amount of compensation to be received from the Chief